December 4, 2017 by Fred Haney
Build Your Team
Unless you are self funding the business or have friends and family giving you a “loan”, you might have to build your business team without money. So you’ll probably want to use stock options and give up some ownership in your company. Maybe it’s just begins with evenings and weekends when work is getting done. Start with worker bees at the lower levels. You don’t need a bunch of Vice Presidents or Chief Executive Officers. You need great marketing, sales, and implementation people. Create a prototype. Even if its in your garage, get your initial product off the ground. Get some customers first. Once you prove you can sell it and get some customers it’s much easier to prove the concept for investors.